TLDR:
- Funding Societies CFO leaves to join Antler VC as CFO.
- Jungiong Ho, CFO of Brankas, replaces him at Funding Societies.
Singapore fintech Funding Societies recently saw its CFO, Frank Stevenaar, leave the company to join venture capital firm Antler in a similar role. Stevenaar’s departure led to the appointment of Junxiong Ho, the CFO of Brankas, as his replacement at Funding Societies. Ho has a strong background in finance within the fintech industry, having previously worked at BigPay and Stripe. Growth in the Singapore fintech sector can be slow, as indicated by Funding Societies CEO Kelvin Teo, who emphasized the importance of playing the “long game.” The company currently has 80 open roles, including opportunities for interns and graduates, reflecting a focus on expansion and development within the organization.
The hiring of Ho represents a strategic move for Funding Societies to maintain its financial stability and drive growth in a competitive market. With the fintech industry evolving rapidly, having experienced professionals like Ho on board is crucial for staying ahead of the curve. As fintech companies continue to disrupt traditional financial services, attracting top talent and fostering a culture of innovation will be vital for success in the long term.
